Save Article

World Bank Predicts Recovery
In Asian Capital Flows to Slow

By

G. Pierre Goad and

Eduardo Lachica Staff Reporters of The Wall Street Journal

Updated March 25, 1998 12:01 a.m. ET

Capital flows to Asian and other emerging markets will gradually recover this year, though they will likely fall short of last year's inflows, the World Bank predicted, but it warned of major risks to that base forecast.

The bank also predicted that exports from the Asian countries hit hardest by the region's economic crisis will rise sharply this year, but cautioned that the export recovery may develop more slowly than expected.